--- title: My Premium Is Increasing Again? Understand Rising Auto Insurance Rates description: "Auto Insurance Rates: Tips to Save Money While Maintaining Adequate Coverage" image: https://blog.concklin.com/hubfs/Imported_Blog_Media/frustrated.jpg --- [Skip to content](https://blog.concklin.com/blog/my-premium-is-increasing-again-understand-rising-auto-insurance-rates.html#main-content) [facebook-f icon](https://www.facebook.com/ConcklinInsurance) [linkedin-in icon](https://www.linkedin.com/company/concklin-insurance-agency) [Twitter icon](https://twitter.com/ConcklinA) [youtube icon](https://www.youtube.com/channel/UC_HnJQ4S_USSxBJkauXwu6A) [**Contact Our Team **](https://insurance.concklin.com/compare-quotes#CLQuoteRequest) **[630-268-1600](tel:+16302681600)** **[Contact Our Team](https://insurance.concklin.com/compare-quotes#CLQuoteRequest)** ****[630-268-1600](tel:+16302681600)**** [![Concklin Logo-1](https://blog.concklin.com/hs-fs/hubfs/Concklin%20Logo-1.png?width=314&height=100&name=Concklin%20Logo-1.png)](https://insurance.concklin.com/) - About Us Show submenu for About Us - [Our Story](https://insurance.concklin.com/about-us-who-we-are) - [Our Team](https://insurance.concklin.com/meet-our-team) - [Contact Us](https://insurance.concklin.com/contact-us) - [Markets & Industries](https://insurance.concklin.com/industry-specific-insurance-programs) - [Business Insurance](https://insurance.concklin.com/business-insurance-coverage) - [Personal Insurance](https://insurance.concklin.com/personal-lines-insurance-coverage) - Life & Health Insurance Show submenu for Life & Health Insurance - [Life Insurance](https://insurance.concklin.com/life-insurance) - [Health Insurance](https://insurance.concklin.com/health-insurance) - Resources Show submenu for Resources - [Claims Resources](https://insurance.concklin.com/claims-resources) - [Cyber Resources](https://insurance.concklin.com/cyber-insurance-resources) - [Blog](https://blog.concklin.com/) - [Video Library](https://blog.concklin.com/video-library) - [Client Portal](https://insurance.concklin.com/client-portal) - [Make A Payment](https://concklin.appliedpay.com/) Open main navigation Close main navigation - About Us Show submenu for About Us - [Our Story](https://insurance.concklin.com/about-us-who-we-are) - [Our Team](https://insurance.concklin.com/meet-our-team) - [Contact Us](https://insurance.concklin.com/contact-us) - [Markets & Industries](https://insurance.concklin.com/industry-specific-insurance-programs) - [Business Insurance](https://insurance.concklin.com/business-insurance-coverage) - [Personal Insurance](https://insurance.concklin.com/personal-lines-insurance-coverage) - Life & Health Insurance Show submenu for Life & Health Insurance - [Life Insurance](https://insurance.concklin.com/life-insurance) - [Health Insurance](https://insurance.concklin.com/health-insurance) - Resources Show submenu for Resources - [Claims Resources](https://insurance.concklin.com/claims-resources) - [Cyber Resources](https://insurance.concklin.com/cyber-insurance-resources) - [Blog](https://blog.concklin.com/) - [Video Library](https://blog.concklin.com/video-library) - [Client Portal](https://insurance.concklin.com/client-portal) - [Make A Payment](https://concklin.appliedpay.com/) --- Jun 14, 2017, 12:00:00 AM # My Premium Is Increasing Again? Understand Rising Auto Insurance Rates ![Picture of Amanda Yaniz](https://blog.concklin.com/hs-fs/hubfs/Amanda%20Yaniz.jpeg?width=50&name=Amanda%20Yaniz.jpeg) [Amanda Yaniz](https://blog.concklin.com/author/amanda-yaniz) Share: [facebook-f icon](http://www.facebook.com/share.php?u=https://blog.concklin.com/blog/my-premium-is-increasing-again-understand-rising-auto-insurance-rates.html) [linkedin-in icon](http://www.linkedin.com/shareArticle?mini=true&url=https://blog.concklin.com/blog/my-premium-is-increasing-again-understand-rising-auto-insurance-rates.html) [Twitter icon](https://twitter.com/intent/tweet?url=https://blog.concklin.com/blog/my-premium-is-increasing-again-understand-rising-auto-insurance-rates.html) [envelope icon](mailto:?body=https://blog.concklin.com/blog/my-premium-is-increasing-again-understand-rising-auto-insurance-rates.html) If you own a vehicle and insure it, you know auto insurance rates are rising. Even if you have a clean driving record, you’ve likely seen your rates inch higher over the past few years. The [average premium has risen by 16%](http://www.nbcnews.com/business/consumer/your-car-insurance-rates-are-going-because-everyone-keeps-texting-n725326) since 2011. The reasons for this are manifold. One cause of rising rates is the expanding economy. More drivers on the road — commuting to work or heading off on vacation — means more accidents are likely to occur. Additionally, health care costs are only increasing with time, which means higher claims for insurance companies. Between 2005 and 2013, insurance companies faced a [32% increase](http://www.cnbc.com/2016/05/27/auto-insurance-rates-rising-at-fastest-rate-in-almost-13-years.html) in the average cost per bodily injury. Another cause of rising claims is the fact that cars are now costlier to repair. Replacing a bumper alone can cost an insurance company [almost $1,000](http://www.nasdaq.com/article/why-do-good-drivers-have-their-auto-insurance-rates-increased-cm783446). If there is damage to a car’s frame, that cost could rise to $10,000. Technology is also adding to the number of distracted driving incidents. More drivers driving with more distractions in more expensive cars mean higher claims for insurance companies. Higher claims for insurance companies mean higher premiums for drivers. ## Vehicle owners: Lower your insurance premiums Vehicle owners don’t have to blindly accept increasing premiums as a fact of life. There are steps drivers can take to help keep premiums from increasing unnecessarily. - **Review before you renew.** Before agreeing to renew an existing policy, check it closely for any issues or errors. Ask your insurance agent if he or she has applied all possible deductions. - **Ask why.** If your rate has increased, simply asking why this has occurred can help illuminate the problem. It’s possible your credit report has errors that triggered the rate increase. - **Bundle up.** Bundling your car insurance and homeowner’s or renter’s policy under one insurer may help reduce your overall rate. Restaurant owners can bundle their auto, home, and franchise insurance for additional savings. - **Change your payment option.** Most insurance companies allow monthly payments or bi-annual payment plans that offer discounts for amounts paid in full. Changing your payment plan can be as easy as setting up autopay. - **Shop around**. It is likely that if rates have increased with your current insurer, they have also increased with other companies as rate increases tend to be industry shifts. That being said, it never hurts to check. Before renewing, shop around with other insurance providers to see if you can find a better rate. - **Adjust your premium and deductibles.** If, after all of the above, your rate is still too high, you may want to consider adjusting your premium and deductibles. This is a risky move, however, and you should proceed with caution. Any time you reduce your coverage to save on your premium, you put yourself at risk of having to pay more out of pocket in the event of an accident. ## Dangers of reducing coverage to lower insurance rates As you consider ways to lower your premium, keep in mind the importance of adequate coverage. Auto insurance is there to protect not just you, your vehicle, and your passengers but also all the other vehicles, drivers, and passengers on the road around you. You may be driving safely, but that doesn’t mean the person in the car behind you is doing the same. Reducing your coverage means reducing your protection. Remember that health care and repair costs are only increasing with time. It is up to you to pay for any costs your insurance policy doesn’t cover. [Auto Insurance](https://blog.concklin.com/tag/auto-insurance), [Personal Lines Insurance](https://blog.concklin.com/tag/personal-lines-insurance) ## Related posts [![Person signing a page with a pen. There are keys on the page](https://blog.concklin.com/hs-fs/hubfs/Imported_Blog_Media/keys_and_lease.jpg?height=200&name=keys_and_lease.jpg)](https://blog.concklin.com/blog/renter-s-insurance-could-save-you-from-potential-disaster.html) [Personal Lines Insurance](https://blog.concklin.com/tag/personal-lines-insurance) ## [Renter’s Insurance Could Save You from Potential Disaster](https://blog.concklin.com/blog/renter-s-insurance-could-save-you-from-potential-disaster.html) ![Picture of Amanda Yaniz](https://blog.concklin.com/hs-fs/hubfs/Amanda%20Yaniz.jpeg?width=50&name=Amanda%20Yaniz.jpeg) [Amanda Yaniz](https://blog.concklin.com/author/amanda-yaniz) Jun 27, 2017, 12:00:00 AM Imagine the horror of coming home to find your belongings destroyed or stolen. Then you find out... [Read more](https://blog.concklin.com/blog/renter-s-insurance-could-save-you-from-potential-disaster.html) [![toy house with keys and stacks of coins](https://blog.concklin.com/hs-fs/hubfs/Imported_Blog_Media/real-estate-background-2022-03-30-04-56-46-utc.jpg?height=200&name=real-estate-background-2022-03-30-04-56-46-utc.jpg)](https://blog.concklin.com/blog/my-homeowners-and-personal-auto-rates-are-increasing.html) [Homeowners](https://blog.concklin.com/tag/homeowners), [Auto Insurance](https://blog.concklin.com/tag/auto-insurance), [Personal Lines Insurance](https://blog.concklin.com/tag/personal-lines-insurance) ## [My Homeowners and Personal Auto rates are increasing – What is going on?!](https://blog.concklin.com/blog/my-homeowners-and-personal-auto-rates-are-increasing.html) ![Picture of Amanda Yaniz](https://blog.concklin.com/hs-fs/hubfs/Amanda%20Yaniz.jpeg?width=50&name=Amanda%20Yaniz.jpeg) [Amanda Yaniz](https://blog.concklin.com/author/amanda-yaniz) Jan 24, 2024, 12:00:00 AM The price of insurance continues to go up. Here are some of root causes of these increases: [Read more](https://blog.concklin.com/blog/my-homeowners-and-personal-auto-rates-are-increasing.html) [![Confused man looks at paperwork while scratching his head](https://blog.concklin.com/hs-fs/hubfs/Imported_Blog_Media/confused-mixed-race-man-reading-papers-2021-09-24-03-11-16-utc.jpg?height=200&name=confused-mixed-race-man-reading-papers-2021-09-24-03-11-16-utc.jpg)](https://blog.concklin.com/blog/difference-between-nonrenewal-and-cancellation.html) [Personal Lines Insurance](https://blog.concklin.com/tag/personal-lines-insurance), [Business Insurance](https://blog.concklin.com/tag/business-insurance) ## [My insurance company non-renewed my policy – what does this mean?](https://blog.concklin.com/blog/difference-between-nonrenewal-and-cancellation.html) ![Picture of Amanda Yaniz](https://blog.concklin.com/hs-fs/hubfs/Amanda%20Yaniz.jpeg?width=50&name=Amanda%20Yaniz.jpeg) [Amanda Yaniz](https://blog.concklin.com/author/amanda-yaniz) Sep 6, 2022, 12:00:00 AM Either you or your insurance company can decide not to renew your policy when it expires. This can... [Read more](https://blog.concklin.com/blog/difference-between-nonrenewal-and-cancellation.html) [![Concklin Logo](https://blog.concklin.com/hs-fs/hubfs/Concklin%20Logo.png?width=150&height=48&name=Concklin%20Logo.png "Concklin Logo")](http://concklin.com) [facebook-f icon](https://www.facebook.com/ConcklinInsurance) [linkedin-in icon](https://www.linkedin.com/company/concklin-insurance-agency) [Twitter icon](https://twitter.com/ConcklinA) [youtube icon](https://www.youtube.com/channel/UC_HnJQ4S_USSxBJkauXwu6A) - About Us - [Markets & Industries](https://insurance.concklin.com/industry-specific-insurance-programs) - [Business Insurance](https://insurance.concklin.com/business-insurance-coverage) - [Personal Insurance](https://insurance.concklin.com/personal-lines-insurance-coverage) - Life & Health Insurance - Resources - [Make A Payment](https://concklin.appliedpay.com/) --- REQUESTING COVERAGE DOES NOT GUARANTEE COVERAGE CAN BE PROVIDED.  COVERAGE CAN BEGIN ONLY WITH SPECIFIC STATEMENT BY A LICENSED MEMBER OF CONCKLIN INSURANCE AGENCY. MISSTATEMENTS OR OMISSIONS OF RELEVANT INFORMATION CAN LEAD TO PRICE VARIATION OR EVEN DECLINATION OR RESCISSION OF COVERAGE. NONE OF THE INFORMATION PROVIDED ON THIS WEBSITE IS A GUARANTEE THAT INSURANCE WILL BE PROVIDED OR THAT CONCKLIN INSURANCE AGENCY IS OBLIGATED TO PROCURE INSURANCE FOR ANY WEBSITE VISITORS. 240 S. WESTMORE MEYERS ROAD, LOMBARD IL 60148 630-268-1600 | [CONCKLIN@CONCKLIN.COM](mailto:concklin@concklin.com) [Privacy Policy](https://insurance.concklin.com/privacy-policy) Copyright © 2026, Concklin Insurance Agency ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Amanda Yaniz", "url" : "https://blog.concklin.com/author/amanda-yaniz" }, "dateModified" : "2023-06-28T14:30:54.928Z", "datePublished" : "2017-06-14T05:00:00.000Z", "headline" : "My Premium Is Increasing Again? Understand Rising Auto Insurance Rates", "image" : [ "https://blog.concklin.com/hubfs/Imported_Blog_Media/frustrated.jpg" ], "mainEntityOfPage" : { "@id" : "https://blog.concklin.com/blog/my-premium-is-increasing-again-understand-rising-auto-insurance-rates.html", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://blog.concklin.com/hubfs/Concklin%20Logo.png" }, "name" : "Concklin Insurance Agency" } } ``` ```json { "@context" : "https://schema.org", "@id" : "https://blog.concklin.com/#website", "@type" : "WebSite", "alternateName" : "Concklin Blog", "description" : "Insurance articles, risk management guidance, business insurance resources, personal insurance tips, cyber liability information, restaurant insurance insights, franchise insurance guidance, and coverage education from Concklin Insurance Agency.", "inLanguage" : "en-US", "name" : "Concklin Insurance Agency Blog", "publisher" : { "@id" : "https://insurance.concklin.com/#organization" }, "url" : "https://blog.concklin.com/" } ``` ```json { "@context" : "https://schema.org", "@id" : "https://blog.concklin.com/#blog", "@type" : "Blog", "description" : "Articles and resources from Concklin Insurance Agency covering business insurance, personal insurance, restaurant insurance, franchise insurance, cyber liability, claims, coverage questions, and risk management.", "inLanguage" : "en-US", "isPartOf" : { "@id" : "https://blog.concklin.com/#website" }, "name" : "Concklin Insurance Agency Blog", "publisher" : { "@id" : "https://insurance.concklin.com/#organization" }, "url" : "https://blog.concklin.com/" } ```